How do savings bonds work?

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New member
Well I am 10 and there is this thing you have to do for school and if you do it you get an $50 savings bond. If i get one what do I do with it? I know its something about mature and stuff but I don get it at all. Does after years it grows interest or something? Or mature or something? I really don't no so if u can help... Thanks!!!
 
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